# Arbe Robotics to merge with Industrial Tech Acquisitions at $572M valuation

Arbe Robotics, a provider of 4D Imaging Radar solutions, entered a definitive business combination with SPAC Industrial Tech Acquisitions, with a $100 million PIPE, valuing the combined company at $572 million enterprise value.

- Type: Acquisition
- Announced: 2021-03-19
- Where: United States
- Value: $572.0M
- Status: announced
- Products: 4D Imaging Radar solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Arbe Robotics Ltd.](https://endata.com/companies/53909.md) (target)
- [Industrial Tech Acquisitions, Inc.](https://endata.com/companies/53910.md) (acquirer)

## Sources

- [news.spacconference.com](https://news.spacconference.com/2021/03/19/arbe-robotics-merging-with-industrial-tech-acquisitions-at-572m-valuation/), 2021-03-19: "Arbe Robotics, a provider of next-generation 4D Imaging Radar solutions, and Industrial Tech Acquisitions announced that they have entered into a definitive business combination agreement."
- [globalventuring.com](https://globalventuring.com/blog/2021/03/22/arbe-robotics-arrives-at-reverse-merger/), 2021-03-22: "The deal will give Arbe a pro forma enterprise value of about $572m and a post-transaction equity value of approximately $722m."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.